Bears are annoying
#11
Posted 03 April 2007 - 10:04 AM
#12
Posted 03 April 2007 - 10:09 AM
http://bigcharts.mar...&mocktick=1.gif
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#13
Posted 03 April 2007 - 10:10 AM
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#14
Posted 03 April 2007 - 10:13 AM
The "Surge" day lows have been tested on lighter volume (bullish spring setup), all we are doing now is going back to test the high (44.48) and give it up on light volume (bearish upthrust).
Shssssh
Bear thoughts are not allowed.
KC
#15
Posted 03 April 2007 - 10:25 AM
cycles kisa. uptrend off a 20 wk cycle low that had exaggerated downside amplitude due to some fundamental news/fears.
Airedale, I am looking at the implied volatilities and they are telling me that this is not an one-way up rally, I think it either pulls back again or that's it for this rally. It is interesting and what you said might be true (about fundamental scare), instead of the utilities catching up with the other sectors on the way down, they are catching up with the utilities on the way up, but the energy is also turning around. So, I have this feeling that this is still an inflationary blow off (left translation). I will short very little, I had a few longs into this morning, I trade only, no big directional positions formed yet...
#16
Posted 03 April 2007 - 07:27 PM
#17
Posted 03 April 2007 - 09:53 PM
"exaggerated downside amplitude due to some fundamental news/fears"
and
"exaggerated upside amplitude due to some hopes/greed"
the 2nd one is never quoted-gg
n83,
just as cyclic lows are nests of cycle lows and cyclic tops cannot be nests of cyclic highs, fundamental effect works differently during cyclic declines vs advances. increased amplitude can show in cyclic uptrends, the sudden jump due to events will be slightly muted as the different harmonic cycles are topping at different times. sustained fundamental effect becomes what hurst called pseudo trend (ie;non cyclic trend), amplitude increase in all length cycles. last upside example of that was the "bubble".
Hurst devotes a good bit of time in his course work to understanding fundamental effect. you'd have to know his work to understand the concepts.
Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".
Ring-Ouzel, England
#18
Posted 03 April 2007 - 11:25 PM